US STOCKS-Wall St flat as investors take stock after rally

lunes 4 de abril de 2016 13:57 GYT
 

* S&P healthcare sector gains help limit losses

* Virgin America surges on buyout deal with Alaska Air

* Smith & Wesson sink after rating downgrade

* Indexes down: Dow 0.21 pct, S&P 0.25 pct, Nasdaq 0.23 pct (Changes comment, updates prices)

By Abhiram Nandakumar

April 4 (Reuters) - Wall Street was mostly flat in quiet trading on Monday as investors took a break from a recent rally, which helped indexes recover from a steep selloff at the start of the year.

A 1.6 percent rise in Apple's shares was still not enough to drive indexes higher as investors awaited fresh catalysts following last week's encouraging data and Federal Reserve Chair Janet Yellen's cautious note on raising interest rates.

While the Fed's projections point to two rate hikes this year, traders expect only one, according to the CME Group's FedWatch program.

Crude hovered near one-month lows as hopes that top oil producers would reach an agreement to reduce a stubborn global glut faded.   Continuación...